LendInvest raises $39.5M to grow its P2P property finance platform

A cloud hangs over the UK housing market as the UK government stumbles slowly through its negotiations to leave the European Union. But startups that are bringing innovative twists to housing finance seem to be singing a different tune. Today, LendInvest, a peer-to-peer platform that connects property buyers in the UK with people willing to finance those purchases (bypassing traditional mortgage lending infrastructure in the process), announced that it has raised around $39.5 million (around £30.5 million) in a Series C round of funding led by existing investor Atomico, which participation also from GP Bullhound…

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Property and premium finance boost Close Brothers loan book

Please use the sharing tools found via the email icon at the top of articles. Copying articles to share with others is a breach of FT.com T&Cs and Copyright Policy. Email [email protected] to buy additional rights. Subscribers may share up to 10 or 20 articles per month using the gift article service. More information can be found here. UK merchant bank Close Brothers Group posted a 1.4 per cent rise its loan book over the three months to 31 October, boosted by strong growth in its property and premium finance…

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12 Things You Must Do When Moving to an Old, Dilapidated Property

It’s the dream for many people: taking on a property that needs a complete facelift. From redoing the gutters to plastering up cracks, you’re not just putting a fresh coat of paint on the walls and choosing nice new carpet. You’re doing a huge job – close to building your own property. While it’s incredibly rewarding, and often cheaper than buying your dream home already finished, there’s a lot of things to do, and it can be tricky to keep track of it all. Not only do you have all…

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Top 5 Mistakes to Avoid when Taking Loan for Buying Commercial Property

Loans for Commercial Properties are large transactions that one needs to be vigilant about. They involve large sums of money and hidden terms and conditions that make it very easy for you to overlook them. Here are top 5 mistakes that you should avoid when taking a loan for the commercial property. Investing in commercial properties is usually a wise decision on your part. There could be many reasons for the purchase of the new property like a tax efficient pension plan or expansion of your business etc. A mistake…

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Fall in UK commercial property values slows in August – IPD index

UK commercial property values fell less sharply in August than the month before, a closely-watched index showed on Thursday, suggesting concerns about the impact of Britain’s vote to leave the European Union on the sector may be easing. Overall property values for UK commercial assets fell 0.65 percent year-on-year in August, the IPD real estate index, compiled by MSCI, showed on Thursday. This compared with a 2.8 percent fall in July, which was the biggest slide since March 2009 and reflected a sharp drop in market confidence after the June…

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